Floor Talk January 24

The March corn futures contract is trading 2 1/4 cents lower at $4.26. The March soybean futures contract is trading 1/4 of a cent higher at $12.77. March wheat futures are 6 3/4 cents lower at $5.63 per bushel. The March soymeal futures contract is trading $3.20 per short ton higher at $421.90. The March soyoil futures are trading $0.49 lower at $37.37. In the outside markets, the Brent crude oil is $0.24 per barrel higher, the dollar is higher and the Dow Jones Industrials are 169 points lower.

Mike

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At the open:

The March corn futures contract is trading 1 3/4 cents lower at $4.27. The March soybean futures contract is trading 1 1/4 cents lower at $12.75. March wheat futures are 2 1/2 cents lower at $5.67 per bushel. The March soymeal futures contract is trading $1.00 per short ton higher at $419.70. The March soyoil futures are trading $0.25 lower at $37.61. In the outside markets, the Brent crude oil is $0.24 per barrel lower, the dollar is lower and the Dow Jones Industrials are 109 points lower.

Re: Floor Talk January 24

She's a biggie......New numbers out just moments ago. Brazil's 2013-14 soybean production estimated at 91.8 million metric tons. Anything over 90.0 million metric tons would be a new record. The Brazilian agency, Crops & Land put this out today.

Re: Floor Talk January 24

Spill the beans. What price projections did they offer for new-crop corn and soybeans? What were the suggestions, buy puts and get ready to hedge your crops? Sell now instead of later? Watch the basis, it may be the best in the next few months that it's ever going to be all year? What was the message?